- Associated Press - Thursday, October 8, 2015

ALBANY, N.Y. (AP) - Federal authorities in New York have accused two Florida men of using $10 million raised from investors to pay personal debts, rent on a waterfront condominium, a boat and personal investments.

Prosecutors say 60-year-old Bruce Kane of Fort Lauderdale and 75-year-old Burton Greenberg of Plantation are charged with conspiracy to commit wire fraud.

U.S. Attorney Richard Hartunian says Kane, a former resident of Ithaca, New York, is managing partner of Global Financial Fund 8 LLP that solicited money from investors, some in New York.

Greenberg, chief executive of M&P; Global Financial Services Inc., entered agreements with Kane and others to invest it.

They are accused of falsely assuring investors from 2004 to 2013 that investments were secure and profitable.

Greenberg pleaded not guilty Wednesday. Kane is scheduled in court Thursday.

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